Looks like Netflix is running into some real competition with the debut of Redbox Instant by Verizon joining PlayStation 3. Not only do users have the same type of access to thousands of different movies, but the pricing is at the competitive price of $8 a month – same as Netflix.

What is more, this new Redbox Instant one up’s Netflix by giving us the option to buy or rent new releases without the monthly subscription.

In addition to Redbox Instant joining Playstation3, TuneIn Radio will not be available to users giving us access to some 70,000 radio stations! That’s a lot of music; let’s get to listening folks.